Huge is the demand for it 30-year bond with the offers to exceed 28 billion euros.

The initial interest rate was set at 175 points basis above the mid swap, i.e. 4.25%, while the entire syndicated issuance process has been undertaken by BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe, JP Morgan and Piraeus Bank.

The offers that were collected exceeded 28 billion. while the yield fell to 4.2% (170 basis points above mid swaps).

The current 30-year bond in the market matures on January 24, 2052 and its current yield is 3.9%, with its coupon at 1.875%. The initial issue was 24/3/2021 and the Greek State had drawn 2.5 billion euros from the 25.8 billion euros that was the total amount of the offers. Then, on 8/9/2021, there was a reissue for €1 billion, with total offers at €9.6 billion.

The issuance of the 30-year bond by ODDIX aims to reshape and normalize the interest rate curve in Greek bonds, so as to increase the marketability and to approach what is valid with the interest curves of the developed European countries.